Answer:
M1 is $1,310 billion
Explanation:
I'm rephrasing the question so the informations is clearer:
Determine the size of the M1 money supply using the following information:
- Currency $700 billion
- money market mutual funds $2000 billion
- demand deposits $300 billion
- other checkable deposits $300 billion
- traveler's checks $10 billion
Options:
- $1,310 billion
- $3,310 billion
- $1,410 billion
- $1,010 billion
Money market mutual funds are not part of M1 so:
Currency $700 billion+demand deposits $300 billion+other checkable deposits $300 billion+traveler's checks $10 billion=$1310 billion M1
Being "self-employed" means that your <span>working for yourself as a freelancer or your the owner of a business rather than being an employee.
Most people are self-employed because they have their own ideas and dreams that they want to create without being held back by a boss or manager. Others a self-employed simply because they don't like the idea of working for someone else.</span>
Performance goals that is also popularly known as the standards of performance is used to guide you on what you are supposed to achieve in your position. These are composed of short term objectives for specific operations or tasks that are meant to be achieved at the end of the timeline set.
Question:
Suppose the utility function for a firm manager is U = π+ bQ, where Q is output, π is profit, and b is a positive constant. How would the firm's output compare with what it would be if the manager's objective was to maximize profit?
A. It would be greater than the profit-maximizing output.
B. It would be less than the profit-maximizing output.
C. It would be the same as the profit-maximizing output.
D. None of the statements associated with this question are correct
Answer:
The correct choice is A.
If the utility function for a firm manager is U = π + bQ, where Q is output, π is profit, and b is a positive constant. It would be greater than the profit-maximizing output.
Explanation:
Economic theory normally uses the profit maximization assumption in studying the firm just as it uses the utility maximization assumption for the individual consumer. This approach is taken to satisfy the need for a simple objective for the firm. This objective seems to be the most feasible.
The profit-maximizing firm chooses both inputs and outputs so as to maximize the difference between total revenue and total cost.
The firm will adjust variables under its control until it cannot increase profit further. Thus, the firm looks at each additional unit of input and output with respect to its effect on profit.
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